SpruceID
Digital trust infrastructure for government
- 21-100 employees
- B2B
- Enterprise
- SaaS
- Cyber Security
- Blockchain
- Identity
- Web 3.0
- Civic Center, New York, NY
Jump to section
Company mission
To build a future where users control their data across the web.
Our take
Keeping control over your identity online is becoming increasingly difficult. SpruceID is setting out to combat this by leveraging the power of blockchain. The company's main target is allowing users to sign in online using their Ethereum account instead of a traditional intermediary. This offers increased privacy and ownership for users.
SpruceID is one of a raft of new companies looking to leverage the power of blockchain to improve consumers' privacy and autonomy online, which means there is no shortage of competitors in the space. That said, its funding success, integration capabilities and backing have given it an important edge, and these factors stand strong as promises of its future potential.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 3 rounds)
Apr 2022
$34m
SERIES A
Nov 2021
$7.5m
EARLY VC
Total funding: $41.7m
This company has top investors
Leadership
Wayne Builds
(Founder & CEO)Prior to founding Spruce in 2020, Wayne was a Proprietor at WYC Technology for over 4 years. He also spent over 2 years at ConsenSys as the Head of Token Engineering, Head of Product (Web 2.5) and Director of Product Management (Identity). Alongside this, he founded Alpine, a business unit within ConsenSys, where he served as the Head of Product.